Life Insurance is protection against financial loss due to death. An insurance company pays the beneficiary a lump sum of money when you (the insured) dies. In return, you pay the insurance company timely payment of premiums during your coverage period to maintain this protection.
There are several forms of life insurance, such as term life insurance, whole life insurance and universal life insurance.
Why buy Life Insurance?
Will your death leave your loved ones in a financial bind? If you answer yes to this question, then you most likely will need some form of life insurance.
Most people purchase life insurance to help assist family members and loved ones with covering expenses and to replace the income lost to your family.
Some reasons to get life insurance:
?Replace the income lost to your family ? especially if you are the bread winner or if you have spouse and children relying on your income
?Pay off debts and expenses ? such as mortgage, loans and credit cards
?Pay for a nanny or babysitter if non-bread winner was taking care of children
?Cover final and estate expenses
?Provide needed cash to business partners
?Fund a favorite charity
Why allow your loved ones the burden to come up with these costs when you can plan ahead and get the proper protection now?
With our no medical exam life insurance, obtaining coverage can be simple and affordable. Premiums start at $15/month (depending on age and amount). Amounts range from $1,000 to $50,000 for whole life and $50,000 to $150,000 for Term 10, 20 and 100 plans.
